Oil Trading

Litasco SA: Lukoil's Swiss Trading Arm

Overview

Litasco SA is the international trading and supply arm of PJSC Lukoil, one of Russia’s largest vertically integrated oil companies. Headquartered …

Switzerland's Oil Trading Dominance: How Geneva and Zug Control 35% of Global Oil Trade

A small landlocked country with no oil production, no refineries of international significance, and no ports has become the undisputed global capital of oil trading. Geneva and Zug together host companies that handle roughly 35% of the world's crude oil trade — a concentration of trading power that is the product of deliberate policy, deep historical roots, and structural advantages that competitors in London, Singapore, and Dubai have struggled to replicate.

Trafigura: Geneva's Second Oil Giant and the Metals Trading Empire

Trafigura emerged from the wreckage of Marc Rich + Co in 1993 and grew, within three decades, into one of the most formidable commodity trading operations on earth — a $244 billion revenue company that trades oil, metals, and minerals across 160 countries while maintaining the private, partnership structure that defines the Geneva trading model at its most disciplined.

Vitol Group: Geneva's Oil Trading Titan

Vitol Group is the world's largest independent energy trader — a privately held, employee-owned colossus that in 2022 recorded revenues of approximately $505 billion, a figure that placed it among the largest companies on earth by turnover despite the absence of a stock market listing. From its Geneva headquarters, Vitol trades more oil in a single day than most countries consume in a week.